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20121126
20121126
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-- host: welcome to "washington journal." of the senate host: an increase in payroll taxes and the scheduled spending cuts across the board. a couple republicans yesterday signaled they could be flexible on the anti-tax pledge that they signed if it gets them closer to a deal with the white house. what is your reaction? here are the numbers to call. you can also find us online. send us a tweet or join us on facebook. you can also e-mail us. here's "usa today" looking at what happened on the sunday talk shows. it says -- the south carolina senator became the second republican senator in recent days to back away from a no tax pledge devised in the decades ago. the willingness to break ranks could prove crucial as gop leaders and democrats try to reach a deal before taxing and spending changes take effect in january. new york representative king says economic conditions have changed since the anti-tax pledge first emerged. he's a republican. that thee gop's say fiscal cliff deal is what defined grover norquist. let's hear congressman pete king of new york, a republican. he was
sure raising taxes on the wealthy is part of the deal. politico is calling them cliff jumpers. l good morning to both of you. >> good morning. >> let me play a couple of clips to start out about the pledge. >> i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> a pledge you sign 20 years ago, 18 years ago, is for that congress. if i were in congress in 1841 i would have supported declaration of war against japan. i won't attack japan today. the world changed and the economic situation is different. >> i am not oblg gate on the pledge. i was just elected. the only thing i am honoring is the oath that i take when i serve when i am sworn in in january. >> chambliss already made a similar statement last week. the question is is this a real softening of positions? does it give them room to make deal. >> two things. first, let's look at the real room being created. so far i haven't heard anyone say i am willing to raise marginal tax rates as part of a deal. they're arguing with the head of the antitax coalition about whet
said they will back down on taxes as long as there is one condition. >> steve: this time the white house has a better idea. wait until you hear who they are bringing back to lead the negotiations. yimpt powerball jackpot. $425 million . if you think you are more likely to get struck by lightning than win it big. the guy who won eight times who has the secret. >> steve: does he have the numbers. >> brian: "fox and friends" begins now. >> steve: hi, folks, live from studio e. i am sick of turkey. and i am sick of gravy. we had it five-days. >> gretchen: i know, i have a big huge bird sitting in my refrigerator and attempt to make soup out of it later today. >> brian: so it is not alive. >> gretchen: it didn't gobble. >> brian: i went to the movies and i have another movie. >> gretchen: i saw santa claus over the weekend. >> brian: ian loves it. i will tell you in a while. >> gretchen: no. >> brian: steve, saw one of my recommendations on saturday and you feel. >> steve: i am stopping to listen wu. >> gretchen: can you tell us now. >> steve: some of his movies i like a lot. >> gretche
what would happen if we went over the fiscal cliff. the combination of higher taxes and spending cuts are estimated to take 4% out of a relatively weak gdp. even if we do not and some deal is struck, the combination of eliminating the payroll tax reduction, which seems to be something the administration supports, that, together with some base broadening, would probably be at least 2% of gdp. if there is going to be a deal, it would involve spending cuts as well. even if we avoid going over the cliff, it looks like there will be substantial fiscal contractionary impact next year. in that environment, what can the fed do to try to offset that to make sure that it does not take us to the edge of ore over the edge of a recession? >> we will see what deal comes out. but you are correct that even if the most extreme scenarios are avoided, some plausible scenarios still involved relatively contractionary fiscal policies over all. i made that point in my remarks when i said that under most plausible scenarios, no matter what happens, the tightening of federal fiscal policy will outweigh the s
more than 600 billion dollars in both cuts and tax hikes, spending cuts kicking in and it will affect the state you live in in some way shape or form. today we're kicking off governors on the edge week on countdown to the closing bell. we are finding out how pennsylvania is affected by the budget mess. governor corbett is talking about the impact on state finances but perhaps more importantly why he is not waiting around and he and his team are trying to work on make sure they don't fall into the abyss with the rest of the country. >>> now hewlett-packard is now up 2 1/4%. we just heard through reuters we're confirming it here on fox business that a class-action lawsuit has been filed against hewlett-packard, a law firm -- we're looking at this issue with autonomy, it's a company they had to write down the acquisition by billions and billions of dollars. so clearly this is the breaking news on hewlett-packard right now. not really moving that much. still up about 28 cents. apple as you saw up sharply. analysts talking about a strong black friday for apple based on some checks on their
classmate grover norquist, the anti-tax crusader who came out swinging this weekend reminding republicans who signed the no new tax pledge to not discuss impure thoughts if they talk about taxes on national television. i know important apornography w it. it made it very clear that any republican who signed the pledge, that's pretty much every republican in congress, who balks at someone whose career is over. to me, that meant the defectors are far and few between. as a moderate leadership cannot deliver those pledge to the norquist hardline. norquist who seems to welcome a bust on the wall of shame, used to beg for it, is more powerful than speaker john boehner. norquist is more powerful than boehner. it feels as if the air went out of the compromise zeppelin. hey, like the graph zeppelin, like, lakers. retail, now we're hearing that there wasn't as much follow-through to the initial sales from thursday night. i think it's nonsense, but mo macy's and costco were tagged with huge loss es today. i believe the holiday sales are far are flat-out strong. amazing numbers from apple, like a rock
situations began after the revolutionary war and congress had no power to tax or raise troops and was a debating society for leaders in the various states to argue different policies through the streets were almost at war with each other, independent, sovereign nations in effect, and the leaders from various states began to realize we need a stronger federal government and so they wrote the constitution. and many americans were opposed in the constitution and they became antifederalists so they were the federal lists and antifederalists bitterly opposed to each other from the very beginning from the signing of the constitution. the antifederalists gradually became known as the republicans and then democrat republicans. so that when john quincy adams was running for office you now have the democrat republicans running against the federalists and he was the last of the federalists. they ran this country from the beginning. washington, adams, he had a they were the people that ran the country had come they were really from the elite. the constitutional elite and the state-owned p
on a smaller tax base, and, arguably, less affluent communities. man: sewickley township is a rural farming community, however, herminie itself would be considered to be the downtown area of the township. it's the agways, the auto-parts store, the bank. it's your typical small-town village. man: people think that rural areas are pristine and perfect and everybody has a nice, simple life. that's, uh, not exactly the situation here. when you come into town in the summer, you know you're coming to herminie. woman: the aroma in 90-degree days... can sometimes just want to knock you over. woman: we have water. we have power, we have gas, but we have no sewage. i guess when they laid out the town years ago, it just all went into the pipes and straight into the "crick." sabljak: i've lived here 43 years in the same house. when i moved here, they told us that sewage would be here shortly. and here it is 43 years later and we still don't have it. my husband and i went to the first meeting. he always said, "boy, i'll never see it in my lifetime." well... my husband passed away last december. man: rig
Search Results 0 to 7 of about 8